2022 Annual Comprehensive Financial Report

City of Greensboro Annual Comprehenive Financial Report 2021-22Cover
Title PageTitle
Table of ContentsTOC
Introductory SectionI
Letter of TransmittalI
Certificate of Achievement for Excellence in Financial ReportingXXX
Organization ChartXXXI
City OfficialsXXXII
Financial Section1a
Report of Independent Auditor1a
Management's Discussion and Analysis2a
Basic Financial Statements3
I. Government-Wide Financial Statements3
Statement of Net Position A-13
Statement of Activities A-25
II. Fund Financial Statements7
Balance Sheet-Govenmental Funds A-37
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position A-48
Statement of Revenues, Expenditures and Changes in Fund Balances A-59
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Government Funds A-610
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund A-712
Statement of Net Position - Proprietary A-820
Reconciliation of the Statement of Net Position-Proprietary Funds To the Statement of Net Position A-924
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds A-1025
Reconciliation of the Statement of Revenues, Expenses and Changes in Net Position of Proprietary Funds to the Statement of Activities A-1127
Statement of Cash Flows Proprietary Funds A-1228
Statements of Fiduciary Net Position-Fiduciary Funds A-1333
Statement of Changes in Fiduciary Net Position-Fiduciary Funds A-1433
Statement of Net Position-Component Units A-1534
Statement of Activities-Component Units A-1635
III. Notes to the Financial Statements37a
Required Supplementary Information38
Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust38
Schedule of Change in Net Pension Liability and Related Ratios Schedule 138
Schedule of Employer Contributions Schedule 240
Schedule of Investment Returns Schedule 342
Other Postemployment Benefit Plan (OPEB) Trust43
Schedule of Changes in Net OPEB Liability and Related Ratios Schedule 443
Schedule of Employers Contributions Schedule 545
Schedule of Investment Returns Schedule 647
Local Government Employees' Retirement System49
Employer's Proportionate Share of Net Pension Liability (Asset) and Employer Contributions Schedule 749
Combining and Individual Fund Statements and Schedules51
Combining Balance Sheet Nonmajor Governmental Funds51
Governmental Fund Schedule 851
Special Revenue Funds Schedule 952
Capital Projects Funds Schedule 1056
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Funds61
Government Funds Schedule 1161
Special Revenue Funds Schedule 1262
Capital Projects Funds Schedule 1366
Schedule of Changes in Long-Term Debt- Enterprise Funds and Water Resources Capital Assets Schedule 1471
Schedules of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual72
Special Revenue Funds72
State Highway Allocation Schedule 1574
Cemetery Schedule 1675
Hotel/Motel Occupancy Tax Schedule 1776
Economic Development Schedule 1877
Special Tax Districts Schedule 1978
Housing Partnership Revolving Schedule 2079
Community Development Schedule 2180
HOME Program Schedule 2282
Workforce Investment Act Schedule 2383
State and Federal Grants Schedule 2484
State and Federal Grants (ARRA) Schedule 2588
American Rescue Plan Act (ARPA/SLFRF) Fund Schedule 2689
Emergency Rental Assistance- Guilford County Fund Schedule 2790
Emergency Rental Assistance 2- Guilford County Fund Schedule 2891
Opioid Settlement Fund Schedule 2992
Emergency Telephone System Fund Schedule 3093
Debt Service Fund95
Debit Service Fund Schedule 3195
Capital Projects Funds96
Street and Sidewalk Schedule 3297
State Highway Allocation Schedule 3398
General Capital Improvements Schedule 3499
General Capital Improvements II Schedule 35100
Library Facilities Bond-Series 2008 Schedule 36101
Historical Museum Bond-Series 2008 Schedule 37102
Parks and Recreation Bond-Series 2008 Schedule 38103
Economic Development Bond-2008 Schedule 39104
Fire Station Bond-Series 2008 Schedule 40105
War Memorial Stadium Bond-Series 2008 Schedule 41106
Street Improvements Bond-Series 2010 Schedule 42107
Parks and Recreation Bond-Series 2010 Schedule 43108
Greensboro Science Center Bond-Series 2010 Schedule 44109
Transportation Bond-Series 2016 Schedule 45110
Parks and Recreation Bond-Series 2016 Schedule 46111
Housing Bond-Series 2016 Schedule 47112
Community & Economic Development Bond-Series 2016 Schedule 48113
Fire Station Bond-Series 2019 Schedule 49114
Perpetual Care Fund115
Enterprise Funds116
Schedules of Revenues and Expenses-Budget and Actual (Non-GAAP)117
Water Resources Schedule 50118
Water Resources Bond-Series 2014 Schedule 51120
Water Resources Bond Fund-2018 Schedule 52121
Water Resources Captial Improvement Schedule 53122
Water Resources Extension Project Schedule 54123
Water Resources Bond Fund- Series 2022 Schedule 55124
Stormwater Management Schedule 56125
Stormwater Capital Improvement Schedule 57127
Coliseum Schedule 58128
Performing Arts Center Fund Schedule 59130
Performing Arts Center Capital Project Schedule 60132
Colisum Capital Improvement Bond Schedule 61133
Coliseum Capital Improvement Schedule 62134
Solid Waste Management Schedule 63135
Solid Waste Capital Improvement Schedule 64137
Greensboro Transit Advisory Commission Schedule 65138
Greensboro Transit Advisory Commission Grant Schedule 66140
Parking Facilities Schedule 67141
Parking Facilities Capital Project Schedule 68143
Parking Facilities Bond Schedule 69144
Internal Service Funds145
Combining Statement of Net Position Schedule 70146
Combining Statement of Revenues, Expenses and Changes in Net Position Schedule 71148
Combining Statement of Cash Flows Schedule 72150
Schedule of Changes in Long-Term Debt Schedule 73152
Schedule of Revenues, Expenses, and Changes in Fund Balance-Budget and Actual (Non-GAAP)153
Equipment Service Schedule 74154
Technical Services Schedule 75156
Technical Services Capital Project Schedule 76158
Information Systems Schedule 77159
Graphic Services Schedule 78161
Guilford Metro Communications Schedule 79163
Employee Risk Retention Schedule 80165
General Risk Retention Schedule 81167
Capital Leasing Schedule 82169
Fiduciary Funds171
Statement of Fiduciary Net Position - Fiduciary Funds Schedule 83172
Statement of Changes in Fiduciary Net Position - Fiduciary Funds Schedule 84173
General Capital and Debt Schedules174
Schedule of General Capital Assets by Source Schedule 85174
Schedule of General Capital Assets by Function and Activity Schedule 86175
Schedule of Changes in General Capital Assets by Function and Activity Schedule 87177
Schedule of Long-Term Debt Schedule 88179
Schedule of Changes in General Long-Term Debt Schedule 89181
Statistical Section (unaudited)183
I. Financial Trends184
Net Position by Component Table I184
Changes in Net Position, Expenses, Program Revenues, and Net (Expenses)/Revenue Table II186
Changes in Net Position, General Revenues and Total Changes in Net Position Table III188
Fund Balances, Governmental Funds Table IV190
Changes in Fund Balances, Governmental Funds Table V192
II. Revenue Capacity194
Tax Revenues by Source, Governmental Funds Table VI194
Schedule of Ad Valorem Taxes Receivable Table VII195
Analysis of Current Tax Levy Table VIII196
Assessed Value and Estimated Actual Value of All Taxable Property Table IX197
Direct and Overlapping Property Tax Rates Table X199
Principal Property Taxpayers Table XI200
Property Tax Levies and Collections Table XII202
III. Debt Capacity204
Ratios of Outstanding Debt by Type Table XIII204
Ratio of Net General Obligation Bonded Debt Table XIV206
Computation of Direct and Overlapping Bonded Debt Table XV208
Legal Debt Margin Information Table XVI209
Pledged Revenue Coverage Table XVII211
IV. Demographic and Economic Information213
Demographic and Economic Statistics Table XVIII213
Principal Employers Table XIX214
Full-Time Equivalent City Government Employees by Function/Program Table XX216
V. Operating Information217
Operating Indicators by Function Table XXI217
Capital Asset Statistics by Function Table XXII219
Single Audit Section221
Report of Independent Auditors on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards222
Report of Independent Auditors on Compliance for Each Major Federal Program and on Internal Control over Compliance in Accordance with OMB Uniform Guidance and the State Single Audit Implementation Act224
Report of Independent Auditors on Compliance for Each Major State Program and Internal Control over Compliance in Accordance with Uniform Guidance and the State Single Audit Implementation Act227
Schedule of Findings and Questioned Costs230
Summary Schedule of Prior Year Findings232
Schedule of Expenditures of Federal Awards233
Schedule of Expenditures of State Awards236
Notes to the Schedule of Expenditures of State and Federal Awards237
Back Page238

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